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Friday, 06/24/2016 12:44:02 AM

Friday, June 24, 2016 12:44:02 AM

Post# of 47637
Is this the push that finally starts a new bull market?

I don't know but there is the distinct possibility. The pound will be devalued and money will also flee euros... probably into USD and gold.

Many in the gold mining industry earn a $100 profit per ounce. A $100 rise in the POG from there effectively doubles the profits of an entire industry and all the trickle down this entails. This gold action may have a profound impact on exploration spending and the valuations of mining companies of all classes. A company that was worth nothing at $1200 might have significant value at $1400 depending on their costs and ore grade. Anyway food for thought. I expect gold and most other markets to be volatile.

Tonight was historic and tomorrow will be a very interesting day of trading no matter what.